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Random Stuff       Thread starter PSXHAX       Start date May 24, 2017 at 2:22 AM       9,237       16      
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While most are busy this time of year with final projects and exams to wrap up the school semester there have been some PS4 gamesharing updates that can be found roughly translated HERE for those interested.

Of course life is about more than playing video games, and recently PlayStation 3 Rebug CFW developer @Abkarino passed along some interesting news on Twitter that the online cryptocurrency and digital payment system known as Bitcoin has reached a record $2,251 (currently $2,299 USD - Bitcoin Calculator) for 1 Bitcoin and is continuing to rise! :love:

A few members mentioned in the PSXHAX Shoutbox they use the open source P2P money and are mining Bitcoins, which is described in the FAQ by the following to quote:

This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialized hardware and are collecting new Bitcoins in exchange.

According to TheHackersNews if someone invested $100 USD in Bitcoin on May 22, 2010 it would currently be worth $73 million dollars as of May 22, 2017... talk about a sizeable return on an investment, eh?! Of course the Bitcoin market could also bottom out at any time leaving one's Coinbase Bitcoin address which is essentially a wallet where you can securely store digital currency empty. :oops:

One theory on why Bitcoin is surging so high lately from CEO of DoubleLine Capital Jeff Gundlach via CNBC suggests there may be a connection between Bitcoin prices and the decline in Chinese stocks as their search for safe investments outside the country when asset prices fall sends buyers into Bitcoin.

It will be interesting to see a year from now where Bitcoin rates reside, and what the future holds as technology enthusiasts continue to evolve and embrace new ideas from privacy-oriented domain registration services such as Njalla by backup Bay founder Peter Sunde to a decentralized Internet with .bit domains running uncensorable websites using ZeroNet with Bitcoin cryptography and BitTorrent network to distribute content directly to visitors without any central server. :geek:

Until then we welcome those who are experienced with Bitcoins and mining to share your knowledge and tips with others in the comments below... everything from useful Bitcoin blogs / forums / sites to mining hardware recommendations would be much appreciated! <3

Bitcoin Cryptocurrency & Digital Payment System Open Source P2P Money.jpg
 

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PSXHAX

Staff Member
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Ok, thanks for confirming that... I'll remove it from the OP now then. (y)
 

PSXHAX

Staff Member
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Thanks @Bultra for the handy 'cheat sheet' for those new to Bitcoin that are looking for some decent places to begin! <3

Also from lanaiscool in the Shoutbox: poloniex.com is an exchange that supports all coins, so when you have an account on poloniex you automatically have a wallet for every coin
 

djluiluv

"War has changed".... - Old Snake
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Its already been proven that bitcoin wallets have been hacked* several times.. FORBES magazine wrote an article how someone got hacked for hundreds of thousands of dollars.

More so, there's videos on YouTube showing *how it's done as well... definitely not investing in something where hackers can just hack into my bitcoin wallet whenever they feel like.. just my opinion though...
 

Wultra

Developer
Senior Member
Contributor
Its already been proven that bitcoin wallets have been hacked* several times.. FORBES magazine wrote an article how someone got hacked for hundreds of thousands of dollars.

More so, there's videos on YouTube showing *how it's done as well... definitely not investing in something where hackers can just hack into my bitcoin wallet whenever they feel like.. just my opinion though...
Anyways Congrats on your First Message Though Since 2010 :D
 
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